Sunday, June 12, 2011

State Alleges Natural Gas Ripoff: Land Commissioner suing 14 companies

By Wren Abbott

State Land Commissioner Ray Powell filed suits last week against Exxon Mobil, Williams Companies, Inc, Yates Petroleum Company, Chevron Corporation, Texaco and eight other oil and gas companies, alleging they breached contracts with the state to extract natural gas from leased lands by failing to pay full royalties, "depriv[ing] the State of critical funds used to pay for public education."......continued.......